In the USA, the upcoming Presidential Election in November is gathering pace, as the „fiscal cliff“ of 2013 edges nearer and nearer. This refers to the tax hikes and spending cuts that will take place in early 2013.
In this context, US healthcare companies face significant cuts, in the billions, including pharmaceutical companies, hospitals and nursing homes. What is important, too, are the expected layoffs this will bring, as well as the restrictions it will place on research. More than $100 billion of cuts is predicted, known as sequestration, over the next year. This has led economists to believe that the country could be dragged back into recession. If sequestration is delayed again, however, the US faces further rises in its national debt.
[ilink url=“http://www.ft.com/intl/cms/s/0/fbd99bf8-ffbc-11e1-831d-00144feabdc0.html#axzz26zbXrEVj“] Link zur Quelle (Financial Times)[/ilink]